Business and Economy

Business
6:03 am
Wed May 21, 2014

General Motors Issues Another Major Recall

Originally published on Wed May 21, 2014 7:06 am

GM is recalling another 2.4 million cars and trucks. The vehicles have many problems involving seat belts, air bags and gear shifts.

Business
4:35 am
Wed May 21, 2014

Koch Brothers' Group Tries To Derail Detroit Bankruptcy Deal

Originally published on Wed May 21, 2014 7:06 am

Transcript

RENEE MONTAGNE, HOST:

Michigan lawmakers are debating a big aid package for Detroit, nearly $200 million. The city has been in bankruptcy court for almost a year. And until now, the state hasn't been willing to help it with anything that could be called a bailout.

While Michigan Governor Rick Snyder supports the current deal, many of his fellow Republicans appear to be balking, especially after a threat of political retribution from the Koch Brothers political network.

Michigan Radio's Sarah Cwiek reports.

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NPR Story
4:22 am
Wed May 21, 2014

Cable Companies Are Among The Most Hated Industries In U.S.

Originally published on Wed May 21, 2014 7:06 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: Cable Rage.

Cable companies make up one of the most hated industries in America.

RENEE MONTAGNE, HOST:

And even among cable providers, one brand is despised above all others. A new survey of cable, satellite and other TV providers shows Time Warner Cable gets the lowest marks for consumer satisfaction.

Planet Money
4:12 am
Wed May 21, 2014

These Days A Penny Doesn't Buy Very Much

Originally published on Wed May 21, 2014 7:06 am

Transcript

RENEE MONTAGNE, HOST:

And let's go from billions to pennies. The penny occupies a strange spot on the economic landscape: It's worth almost nothing, but not quite. Tomorrow and today, our Planet Money team will be reporting on the penny, starting with this report from Robert Smith and Jacob Goldstein, who set out on the streets of Manhattan with a simple question: Can you buy anything for a penny?

ROBERT SMITH, BYLINE: We started with the guy who runs the fruit stand outside our office.

What if we wanted to buy one cherry?

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Environment
2:21 am
Wed May 21, 2014

Why Those Tiny Microbeads In Soap May Pose Problem For Great Lakes

Researcher Sherri Mason looks for microbeads in a water sample from Lake Michigan. Legislation to phase out products containing the beads is pending in New York and Illinois.
Cheryl Corley

Originally published on Wed May 21, 2014 2:19 pm

From the shoreline at North Avenue Beach in Chicago, the blue water of Lake Michigan stretches as far as the eye can see. But beneath that pristine image, there's a barely visible threat, says Jennifer Caddick of the Alliance for the Great Lakes: microbeads.

These tiny bits of plastic, small scrubbing components used in hundreds of personal care products like skin exfoliants and soap, can slip through most water treatment systems when they wash down the drain.

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The Salt
2:18 am
Wed May 21, 2014

Double Trouble For Coffee: Drought And Disease Send Prices Up

A fully formed coffee berry, left, is shown next to a damaged coffee berry due to drought, at a coffee farm in Santo Antonio do Jardim, Brazil on Feb. 6.
Paulo Whitaker Reuters/Landov

Originally published on Wed May 21, 2014 8:29 am

If you're drinking a cup of coffee right now, treasure it. The global supply of coffee beans may soon shrink because of problems in coffee-growing areas of Brazil and Central America.

With supply threatened and demand strong, prices are taking flight. Wholesale coffee prices are up more than 60 percent since January — from $1.25 per pound of bulk Coffea arabica beans to $1.85 this week.

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The Two-Way
4:29 pm
Tue May 20, 2014

Royal Caribbean Offers 5-Week-Long U.S.-To-China Cruise

This computer-generated image provided by the Royal Caribbean International cruise line shows its forthcoming ship, Quantum of the Seas.
Uncredited AP

Originally published on Tue May 20, 2014 6:28 pm

Royal Caribbean says it's offering a 53-day voyage from the U.S. to China to inaugurate its newest giant luxury liner, the Quantum of the Seas, which is scheduled to begin cruises out of Shanghai next year.

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All Tech Considered
4:19 pm
Tue May 20, 2014

Big Deals: We Charted Billion-Dollar Tech Buyouts Since 2002

NPR

Originally published on Fri May 23, 2014 1:25 pm

Lately, there have been so many billion-dollar tech acquisitions in the headlines that it's hard to keep them straight. We await Apple's buyout of Dr. Dre's Beats for $3.2 billion. YouTube is reportedly close to a purchase of the video game streaming service Twitch, for $1 billion.

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Media
3:37 pm
Tue May 20, 2014

In Layoff Announcement, NPR Says It Will End 'Tell Me More'

Originally published on Tue May 20, 2014 7:16 pm

National Public Radio has eliminated 28 positions and plans to end the program "Tell Me More." The moves come as the network continues its attempt to eliminate budget deficits.

The Two-Way
1:30 pm
Tue May 20, 2014

North Carolina Union Seeks To Enlist College Athletes

The State Employees Association of North Carolina has invited athletes at the state's 17 public universities to enroll in the union as state employees.

The move follows a National Labor Relations Board ruling in March that athletes at Northwestern University are employees of the school and are therefore entitled to form a union.

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